Terras Bitcoin Cache Now Sits At Over 42,500 BTC As It Chases Michael Saylor’s MicroStrategy ⋆ ZyCrypto - BitcoinEthereumNews.com
Over the weekend, Luna Foundation added to its Bitcoin holdings, bringing it close to 43k Bitcoins. Luna Foundation is now ranked as the 18th largest Bitcoin holder in the world. The projects founder stated that the accumulation of the asset will “open a new monetary era of the Bitcoin standard.” Luna Foundation Guard (LFG) is going all-in on its Bitcoin accumulation spree as it intends to overtake MicroStrategy to be one of the largest holders of the cryptocurrency. With 42,530 bitcoins in the stash, the foundation is well on its way to achieving its lofty ambitions. Luna Foundation Adds To Its Stash The Luna Foundation Guard (LFG), in charge of the Terra protocol, anounced the purchase of $100 million worth of Bitcoin on Wednesday and another $5M in BTC yesterday. The recent purchase gave the LFG 42,530.82 Bitcoins which is valued at just over $1.72 billion. The purchase puts Luna Foundation Guard as the 18th largest Bitcoin holder as it eyes MicroStrategys top spot. MicroStrategy holds 129,218 Bitcoins with the company stacking an additional 4,167 bitcoins last week, to put some distance between it and the LFG. Around the time of MicroStrategys latest purchase, LFG purchased 5,040 BTC for $230 million. The accumulation of bitcoins by the